DY. COMMISSIONER OF INCOME TAX, CENTRAL CIRCLE -1 (3),, PUNE vs. M/S. CHAUDHARY ATTARSINGH YADAV MEMORIAL EDUCATIONAL TRUST,, PUNE

It has been fairly admitted by the ld. DR that the tax effect in this appeal is less than Rs.50.00 lakh.

Recently, the CBDT has issued circular No.17/2019 dated 08-08-2019 revising upward the monetary limits for filing of M/s. Chaudhary Attarsingh Yadav Memorial Educational Trust appeals by the Department in Income-tax Cases before various appellate forums. The earlier circular No.03/2018 dated 11-07- 2018 fixed monetary limit for filing of appeals by the Revenue before the Tribunal at Rs.20.00 lakh. Such limit has now been enhanced in the recent Circular dated 08-08-2019 to Rs.50.00 lakh. Since tax effect in the instant appeal is less than the revised monetary limit of Rs.50.00 lakh, I am not inclined to entertain this appeal.

At this juncture, it is pertinent to note that the CBDT vide F.No.279/Misc/M-13/2018-ITJ dated 20-08-2019 has clarified that the revised monetary limits so mentioned in Circular No.17/2019 are applicable to all pending appeals. Not only that, it has further been directed to the competent authorities to withdraw all such appeals on or before 31-10-2019. However, it is made clear that if the tax effect in this particular appeal is more than the prescribed monetary limit of Rs.50.00 lakh or the case is covered by an exception, it will be open to the Revenue to move the Tribunal for taking necessary action.

In view of the foregoing discussion, I dismiss the appeal filed by the Revenue.

In the result, the appeal is dismissed.

(R.S.SYAL) उपा�य� उपा�य�/ VICE PRESIDENT उपा�य� उपा�य� पुणे Pune; �दनांक Dated : 16th January, 2020 Satish